Texas Permanent School Fund Corp Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Texas Permanent School Fund Corp lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 278,352 shares of the company’s stock after selling 2,555 shares during the period. Texas Permanent School Fund Corp’s holdings in Mondelez International were worth $19,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Harbour Investments Inc. increased its stake in Mondelez International by 3.2% in the third quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock worth $504,000 after purchasing an additional 226 shares during the period. Integrated Advisors Network LLC increased its stake in Mondelez International by 72.5% in the third quarter. Integrated Advisors Network LLC now owns 10,910 shares of the company’s stock worth $757,000 after purchasing an additional 4,586 shares during the period. Hohimer Wealth Management LLC increased its stake in Mondelez International by 1.3% in the third quarter. Hohimer Wealth Management LLC now owns 14,713 shares of the company’s stock worth $1,021,000 after purchasing an additional 185 shares during the period. Spears Abacus Advisors LLC increased its stake in Mondelez International by 5.7% in the third quarter. Spears Abacus Advisors LLC now owns 414,959 shares of the company’s stock worth $28,798,000 after purchasing an additional 22,379 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in Mondelez International by 1.1% in the third quarter. Public Sector Pension Investment Board now owns 1,420,246 shares of the company’s stock worth $98,565,000 after purchasing an additional 15,794 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.61 during trading on Thursday, hitting $65.32. The stock had a trading volume of 7,453,012 shares, compared to its average volume of 7,294,437. Mondelez International, Inc. has a 12-month low of $60.75 and a 12-month high of $77.20. The stock has a market capitalization of $87.62 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.54 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $68.11 and a two-hundred day simple moving average of $70.52.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period last year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. TD Cowen reduced their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Evercore ISI cut their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. cut their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.33.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.